If Production Displays Diseconomies of Scale, the Long-Run Average Cost

question 149

Multiple Choice

If production displays diseconomies of scale, the long-run average cost curve is

• A)above the short-run average total cost curve.
• B)above the long-run marginal cost curve.
• C)upward sloping.
• D)downward sloping.

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Definitions:

Extensor Digitorum Longus

A muscle in the lower leg that helps to extend the toes and dorsiflex the foot.

Flexor Digitorum Longus

A muscle in the lower leg that helps in flexing the toes and plays a significant role in stabilizing the foot.

Fibularis Tertius

A small muscle of the lower leg that helps in the eversion of the foot and extension of the toes.

Fibularis Brevis

A muscle of the lower leg that assists in the eversion and plantar flexion of the foot.